BUZZ-Navient rises after Seaport Research upgrades to 'buy'

Shares of consumer lender Navient NAVI.O rise as much as 4%; last up 2.7% at $14.30

Seaport Research upgrades NAVI to "buy" from "neutral" and establishes $18 PT, a 29.3% upside to stock's last close

Brokerage says although NAVI is a very small participant in the in-school lending channel, the recent change in administration gives it optimism that parts of the federal student loan program could be outsourced to the private sector to achieve savings in support of tax cuts

One of 10 brokerages rate the stock "buy", seven "hold" and two "sell"; their median PT is $14, according to data compiled by LSEG

NAVI stock slumped 28.6% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))